Global Environment, Health, And Safety Market Size To Exceed USD 13.23 Billion By 2032 | CAGR Of 7.3%
According to a research report published by Spherical Insights & Consulting, the global EHS market size was estimated at $6.5 billion in 2022 and is expected to reach $13.23 billion by 2032. Companies covered: AECOM, Jacobs, Intelex Technologies, Enablon, Tetra Tech, Inc. ., SAP SE, Golder Associates, SGS SA., ERM Group, Inc., VelocityEHS, John Wood Group PLC, RPS Group, ETQ, and more.
NEW YORK, United States, Jan. 24, 2024 (GLOBE NEWSWIRE) -- The global environment, health and safety (EHS) market size is expected to grow from US$6.5 billion in 2022 to US$13.23 billion by 2032, at a compound annual growth rate (CAGR). ) by 7.3% during the forecast period.
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Environmental, health and safety management (EHSM) refers to a company's efforts to improve its performance in the area of environment, health and safety (EHS). Environmental, health and safety management is the process of implementing processes to ensure and improve the safety of people and their environment. These processes are essential to achieving and maintaining the organization's overall environmental objectives. Environmental, Health and Safety (EHS) management is an important part of any company's operations. Market growth will be driven by the ability of environmental health and safety services and software to help companies effectively manage the waste they produce. Moreover, the popularity of environmental health and safety mobile applications is rapidly increasing and is expected to boost the environmental health and safety industry. However, companies with low turnover have been slow to adopt EHS software solutions. High investment and installation costs are expected to hinder the market growth. It is difficult for low-income countries to purchase solutions from other countries and install them in their own organizations. The installation and subscription costs for these solutions become prohibitive.
run together Key industry insights are spread across over 200 pages with 120 market data tables, figures and graphs from the report. Global environment, health and safety market size, share and impact analysis of Coronavirus (COVID-19) by component (software and services), deployment mode (cloud, on-premise) and application (medical and pharmaceutical waste management , industrial waste). management, wastewater management, etc.), by end-user (chemicals and petrochemicals, energy and mining, healthcare, communications and IT) and by region (Northern South America, Europe, Asia Pacific, Latin America, Middle East and Africa ), Analysis and Forecasts for 2022-2032.”
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The services sector is expected to witness the fastest growth in the global EHS market during the forecast period.
On the basis of components, the global EHS market is segmented into software and services. Among these sectors, the services sector is expected to witness the fastest growth in the global EHS market during the forecast period. Night vision cameras are specialized imaging devices used in many industries. They manage to capture clear photos and videos in low light and complete darkness. Their applications include home and business security and monitoring, as well as night policing.
The cloud segment is expected to witness the fastest growth in the global EHS market during the forecast period .
Based on technology, the system is distributed and embedded in cloud. Among these sectors, the thermal segment is expected to grow the fastest in the global EHS market over the forecast period. Thermal imaging can detect thermal signatures and provide visibility in total darkness or storm conditions. It is widely used in military applications, surveillance operations and search and rescue, boosting the thermal imaging market.
The industrial waste management segment is expected to witness the fastest growth in the global EHS market during the forecast period.
On the basis of application, the global EHS market is segmented into medical and pharmaceutical waste management, industrial waste management, wastewater management, and others. Among these sectors, the industrial waste management sector is expected to witness the fastest growth in the global EHS market during the forecast period. Demand for EHS services will be driven by pressure on industries to reduce waste and improve process efficiency. Industrial waste management is the most common application and is expected to grow at the fastest rate due to strict international regulations regarding industrial waste, transportation and disposal.
The energy and mining sectors are expected to witness the fastest growth in the global EHS market during the forecast period .
On the basis of end users, the EHS market is segmented into chemicals and petrochemicals, energy and mining, healthcare, telecommunications and information technology. Among these sectors, the energy and mining sector is expected to witness the fastest growth in the global EHS market during the forecast period. EHS services related to occupational health and safety and worker safety are provided by market participants. OSHA regulations require companies to maintain an electronic log of workplace accidents and incidents. Increasing worker safety regulations in the energy and mining sectors are expected to drive market growth.
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North America dominates the largest market share during the forecast period.
North America is expected to hold the largest share of the global EHS market during the forecast period. The US and Canadian economies are stable and well established, enabling them to invest heavily in research and development that supports the development of new technologies. The strict rules and regulations imposed by the US and Canadian governments are contributing greatly to the rapid expansion of the EHS market.
Europe is expected to witness the fastest growth in the global EHS market during the forecast period. The European market is rapidly adopting environmental, health and safety services and software to phase out the current "take and make" model, maximize raw materials and reduce waste generation. EU-OSHA and the European Environment Agency (EEA) have introduced laws regulating health and safety, consumer protection and environmental protection.
Competitive analysis.
The report provides a relevant analysis of the major organizations/companies involved in the global market as well as a comparative assessment based primarily on their product offerings, business overviews, geographical presence, business strategies, segmental market share and SWOT analysis. The report also provides detailed analysis focusing on current business news and developments, including product development and innovations, joint ventures, partnerships, mergers and acquisitions, strategic alliances and more. It helps in assessing the overall competition in the market. Leading vendors in the global environment, health and safety market AECOM, Jacobs, Intelex Technologies, Enablon, Tetra Tech, Inc., SAP SE, Golder Associates, SGS SA., ERM Group, Inc., VelocityEHS, John Wood Group PLC, RPS Group and ETQ And other major suppliers.
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Latest market developments.
In August 2022, Partners Group acquired a significant minority stake in VelocityEHS. This will contribute to VelocityEHS's growth and strengthen its leadership position in the global EHS, ESG software market.
Market segmentation.
This study forecasts revenue at global, regional and country levels from 2023 to 2032.
Global environment, health and safety market, and component analysis
Global environment, health and safety market, implementation status analysis
Global environment, health and safety market, and regional analysis
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